Traded: Chicago

SALE Learn More: https://lnkd.in/gkNQk9BT IMAGE: Joanna Zabriskie, Elizabeth Gagliardi, Ben Friedman, Susan Lawson, Howard W. Lutnick & Chuck Johanns DATE: 10/09/2024 ADDRESS: 507 Railway Drive MARKET: Naperville ASSET TYPE: Multifamily BUYER: Ben Friedman - Abacus Capital Group LLC SELLER: Howard W. Lutnick - Cantor Fitzgerald; Joanna Zabriskie - BH Equities BROKERS: Chuck Johanns, Liz Gagliardi & Susan Lawson - Newmark SALE PRICE: $109,000,000 UNITS: 417 ~ PPU: $261,391 NOTE: New York-based Abacus Capital Group purchased the 417-unit Railway Plaza in Naperville for $109 million, making it the highest-priced suburban Chicago apartment sale of 2024. The property, sold by a venture including Cantor Fitzgerald and BH Equities, is 97% occupied, with average rents at $2.07 per square foot. #Chicago #RealEstate #TradedChicago #Naperville #Multifamily #ChuckJohanns #LizGagliardi #SusanLawson #Newmark #HowardWLutnick #CantorFitzgerald #JoannaZabriskie #BHEquities #BenFriedman #AbacusCapitalGroup

SALE Learn More: https://lnkd.in/gu_c-zhu IMAGE: Jack Stanton DATE: 10/01/2024 ADDRESS: 1518 West 99th Street MARKET: Chicago ASSET TYPE: Multifamily BUYER: Levav Properties SELLER: Beverly Commons BROKER: Jack Stanton - Marcus & Millichap SALE PRICE: $3,692,000 UNITS: 32 ~ PPU: $115,375 SF: 30,000 ~ PPSF: $123 #Chicago #RealEstate #TradedChicago #TradedPartner #Multifamily #JackStanton #MarcusandMillichap #BeverlyCommons #LevavProperties

LEASE Learn More: https://lnkd.in/gCJ6CjhS IMAGE: Donald Bren DATE: 10/28/2024 ADDRESS: 1 North Wacker Drive MARKET: Chicago ASSET TYPE: Office ~ SF: 293,992 LANDLORD: Donald Bren - Irvine Company TENANT: PricewaterhouseCoopers NOTE: PricewaterhouseCoopers extended its 293,992-square-foot lease at 1 North Wacker Drive in Chicago through 2038, remaining the building's largest tenant. The 1.4 million-square-foot property, owned by Irvine Co., secures $352.5 million in CMBS financing and recently underwent $10 million in renovations to upgrade amenities. #Chicago #RealEstate #TradedChicago #Office #PricewaterhouseCoopers #DonaldBren #IrvineCompany

LEASE Learn More: https://lnkd.in/g_hCBMSc IMAGE: Sundar Pichai DATE: 10/25/2024 ADDRESS: 100 Oakbrook Center Drive MARKET: Oak Brook ASSET TYPE: Retail ~ SF: 3,500 LANDLORD: Brookfield Properties TENANT: Sundar Pichai - Google NOTE: Google is set to open its first Midwest retail store at Oakbrook Center in the Chicago area on November 1, featuring 3,500 square feet dedicated to showcasing products like Pixel phones and Nest cameras, along with AI experiences and support services. The Oakbrook Center, which has undergone significant upgrades and improvements following Brookfield Properties' $90 million investment, is expected to benefit from increased foot traffic with Google's entry. #Chicago #RealEstate #TradedChicago #OakBrook #Retail #SundarPichai #Google #BrookfieldProperties

SALE Learn More: https://lnkd.in/ggF2jazB IMAGE: Patrick Suffield, Christopher J. Malay, Yianni Mouflouzelis, David Tarnoff & Eric P. Bell DATE: 10/25/2024 ADDRESS: 2700 West Willowlake Drive MARKET: Peoria ASSET TYPE: Multifamily BROKERS: Christopher Malay, David B. Tarnoff, Eric Bell, Patrick Suffield & Yianni Mouflouzelis - Marcus & Millichap SALE PRICE: $4,400,000 UNITS: 48 ~ PPU: $91,667 NOTE: Marcus & Millichap arranged the $4.4 million sale of the 48-unit Oakridge Apartments in Peoria, consisting of four buildings near I-74. The Illinois-based seller and California-based buyer were represented by Marcus & Millichap agents from separate teams. #Chicago #RealEstate #TradedChicago #Peoria #Multifamily #ChristopherMalay #DavidBTarnoff #PatrickSuffield #YianniMouflouzelis #MarcusandMillichap #EricBell

LOAN Learn More: https://lnkd.in/gnPv6A3K IMAGE: Brian Walsh, Colby Mueck & Tara Hagerty DATE: 10/25/2024 ADDRESS: 850 Asbury Drive, 2545 West 24th Street, 8965 187th Street, 8905 187th Street & 815 West Pershing Avenue MARKET: Buffalo Grove, Chicago & Mokena ASSET TYPE: Industrial ~ SF: 703,996 LANDLORD: Stream Realty Partners BROKERS: Brian Walsh, Colby Mueck & Tara Hagerty - JLL LOAN AMOUNT: $63,000,000 LOAN TERMS: fixed-rate, five-year NOTE: JLL Capital Markets has secured $63 million in financing for the Chicagoland Industrial Portfolio, which includes five Class A industrial buildings totaling 703,996 square feet in the Chicago area. The fixed-rate, five-year loan was arranged on behalf of owner Stream Realty Partners by a team led by Colby Mueck, and the properties are strategically located near key transportation networks, serving a diverse range of tenants across various industries. #Chicago #RealEstate #TradedChicago #BuffaloGrove #Mokena #Industrial #StreamRealtyPartners #BrianWalsh #ColbyMueck #JLL #TaraHagerty

LEASE Learn More: https://lnkd.in/g9uTRYHW IMAGE: Eric Myers, Kathleen Bertrand & John Nelson DATE: 10/25/2024 ADDRESS: 203 North LaSalle Street MARKET: Chicago ASSET TYPE: Office ~ SF: 52,300 LANDLORD: Sumitomo Corp. of Americas TENANT: Appellate Defender & Masuda Funai BROKERS: Kathleen Bertrand, Eric Myers, John Nelson & John Ziesmer - Transwestern NOTE: Transwestern arranged two office lease renewals at 203 N. LaSalle St. in Chicago, with the Office of the State Appellate Defender renewing 36,000 square feet and Masuda Funai taking 16,300 square feet on the 17th floor. Total leasing activity at the 27-story, 624,724-square-foot tower now stands at approximately 134,000 square feet year-to-date. #Chicago #RealEstate #TradedChicago #Office #AppellateDefender #MasudaFunai #SumitomoCorpofAmericas #EricMyers #JohnNelson #JohnZiesmer #KathleenBertrand #Transwestern

SALE Learn More: https://lnkd.in/g4x3VVF4 IMAGE: Amer Kasm DATE: 10/24/2024 ADDRESS: 1411 South Michigan Avenue MARKET: Chicago ASSET TYPE: Medical Office BUYER: Amer Kasm - IRA Capital SELLER: Ares Commercial Real Estate Management SALE PRICE: $21,800,000 SF: 41,500 ~ PPSF: $525 NOTE: IRA Capital purchased the medical office portion of a South Loop apartment tower for $21.8 million, acquiring a 41,500-square-foot facility leased to Rush University Medical Center. The lender, Ares Management, had seized the property in foreclosure and subdivided it, with no sale recorded yet for the adjacent 199-unit apartment portion. #Chicago #RealEstate #TradedChicago #MedicalOffice #AresCommercialRealEstateManagement #AmerKasm #IRACapital

SALE Learn More: https://lnkd.in/gjAWByCh IMAGE: Rick Scardino, Brendan Reedy & Jimmy Danaher DATE: 10/24/2024 ADDRESS: 1275 North County Farm Road MARKET: Carol Stream ASSET TYPE: Retail BUYER: Universal Metro Asian Services (UMAS) SELLER: GW Carol Stream, LLC BUYER'S REP: Rick Scardino - Lee & Associates Commercial Real Estate Services SELLER'S REP: Brendan Reedy & Jimmy Danaher - Mid-America Real Estate SALE PRICE: $1,500,000 SF: 4,500 ~ PPSF: $333 NOTE: Lee & Associates brokered the $1.5 million sale of a 4,500-square-foot former bank in Carol Stream, IL, to Universal Metro Asian Services (UMAS). UMAS plans to convert the property into a state-of-the-art adult day care facility. #Chicago #RealEstate #TradedChicago #CarolStream #Retail #BrendanReedy #JimmyDanaher #MidAmericaRealEstateGroup #RickScardino #LeeandAssociates #GWCarolStreamLLC #UniversalMetroAsianServices

SALE Learn More: https://lnkd.in/g_fEKXEu IMAGE: Kyle Stengle & Jack Stanton DATE: 10/22/2024 ADDRESS: 2253 West 111th Street MARKET: Chicago ASSET TYPE: Multifamily ~ ACRES: 0.35 BROKERS: Jack Stanton & Kyle Stengle - Marcus & Millichap SALE PRICE: $2,983,500 UNITS: 25 ~ PPU: $119,340 SF: 31,185 ~ PPSF: $96 NOTE: Marcus & Millichap facilitated the $2,983,500 sale of a 25-unit apartment property at 2253 W 111th St. in Chicago, equating to $119,340 per unit. The buyer saw potential value in converting two-bedroom units into three-bedrooms, enhancing the property's appeal in the appreciating Morgan Park neighborhood. #Chicago #RealEstate #TradedChicago #Multifamily #JackStanton #MarcusandMillichap #KyleStengle